F5 (NASDAQ:FFIV) Price Target Lowered to $182.00 at Royal Bank of Canada

F5 (NASDAQ:FFIV) had its target price reduced by Royal Bank of Canada from $204.00 to $182.00 in a research note published on Tuesday morning, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the network technology company’s stock.

FFIV has been the subject of several other reports. JPMorgan Chase & Co. boosted their target price on F5 from $197.00 to $205.00 and gave the stock a neutral rating in a research report on Thursday, April 11th. KeyCorp boosted their target price on F5 from $186.00 to $204.00 and gave the stock an overweight rating in a research report on Thursday, January 18th. Evercore ISI decreased their price objective on F5 from $200.00 to $180.00 and set an in-line rating for the company in a research report on Tuesday. The Goldman Sachs Group boosted their price objective on F5 from $156.00 to $179.00 and gave the company a neutral rating in a research report on Tuesday, January 30th. Finally, Piper Sandler reiterated a neutral rating and issued a $167.00 price objective (down from $187.00) on shares of F5 in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of Hold and an average target price of $185.10.

F5 Trading Down 0.1 %

F5 stock opened at $165.94 on Tuesday. The firm has a market capitalization of $9.76 billion, a P/E ratio of 19.87, a PEG ratio of 2.22 and a beta of 1.14. F5 has a 1 year low of $130.34 and a 1 year high of $199.49. The business has a 50-day moving average of $186.63 and a 200-day moving average of $176.67.

F5 (NASDAQ:FFIV) last posted its earnings results on Monday, April 29th. The network technology company reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.03. The company had revenue of $681.00 million during the quarter, compared to analyst estimates of $685.47 million. F5 had a return on equity of 21.41% and a net margin of 17.91%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.70 EPS. Research analysts anticipate that F5 will post 9.59 EPS for the current fiscal year.

Insider Buying and Selling at F5

In other F5 news, EVP Thomas Dean Fountain sold 851 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $167.53, for a total value of $142,568.03. Following the sale, the executive vice president now owns 15,504 shares in the company, valued at approximately $2,597,385.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $178.81, for a total transaction of $89,405.00. Following the sale, the chief financial officer now owns 31,290 shares in the company, valued at approximately $5,594,964.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Thomas Dean Fountain sold 851 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $167.53, for a total value of $142,568.03. Following the sale, the executive vice president now owns 15,504 shares in the company, valued at approximately $2,597,385.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,052 shares of company stock worth $2,050,633. Corporate insiders own 0.58% of the company’s stock.

Institutional Investors Weigh In On F5

A number of institutional investors and hedge funds have recently made changes to their positions in FFIV. Asset Management One Co. Ltd. raised its stake in shares of F5 by 3.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 27,477 shares of the network technology company’s stock worth $4,428,000 after purchasing an additional 1,044 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of F5 by 41.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 11,300 shares of the network technology company’s stock worth $1,821,000 after purchasing an additional 3,300 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of F5 by 3.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 3,981 shares of the network technology company’s stock worth $642,000 after purchasing an additional 139 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of F5 by 12.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 214,486 shares of the network technology company’s stock worth $34,562,000 after purchasing an additional 23,681 shares in the last quarter. Finally, Simon Quick Advisors LLC bought a new stake in shares of F5 during the 3rd quarter worth approximately $201,000. Institutional investors own 90.66% of the company’s stock.

F5 Company Profile

F5, Inc provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company's distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.